Novozymes A/S (CPSE:NZYM B) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 series B shares for DKK 2,000 million. The purpose of repurchase program is to maintain company’s financial flexibility to pursue investment opportunities. The shares repurchased within the program will be used to reduce the common stock and to meet obligations arising from employee share incentive programs. The cancellation of shares will take place after the program is finished and will be subject to approval at the Annual Shareholders’ Meeting.